A number of local regulators introduced at a series of press conferences on the theme of "The Banking and Insurance Industry This Decade" on July 12. In the past ten years, the banking and insurance industry has achieved new leap-forward development, and a virtuous circle of finance and the real economy has gradually formed. , the prevention and resolution of major financial risks have achieved important results, the reform and opening up presents a new situation, and the atmosphere of strict supervision has basically been formed.
The organizational system is becoming more and more perfect
In the past ten years, the comprehensive strength of my country's banking and insurance industry has been continuously enhanced, and significant progress has been made in serving the high-quality development of the real economy.
Xiang Heng, director of the Hunan Banking and Insurance Regulatory Bureau, introduced that in the past ten years, the balance of various loans in the Hunan banking industry has increased by 2.8 times, with an average annual growth rate of 15.1%; the balance of various deposits has increased by 1.9 times, with an average annual growth rate of 11.8%; From 2.2% to 3.3%, the insurance density has increased from 705 yuan per person to 2,278 yuan per person; serious illness insurance has been developed from scratch, and has basically covered urban and rural residents in the province, and urban customized commercial medical insurance covers 4.6 million people.
Zhao Wei, director of the Xinjiang Banking and Insurance Regulatory Bureau, said that as of the end of June, the total assets of Xinjiang’s banking industry were 3.96 trillion yuan, the balance of various deposits was 2.78 trillion yuan, and the balance of various loans was 2.78 trillion yuan, an increase of 132.84% and 132.84% over the end of 2012, respectively. 124.92%, 225.07%.As of the end of May, the total assets of the insurance industry were 188.903 billion yuan, and the premium income was 40.882 billion yuan, an increase of 289.44% and 244.12% respectively over the end of 2012.
At the same time, the organizational system is becoming more and more perfect.Zhao Wei said that as of the end of March, Xinjiang had 3,755 banking financial institutions and 2,085 insurance institutions, an increase of 11.03% and 33.06% respectively compared with the end of 2012. At present, a multi-level financial organization system with complementary functions has been basically formed.
In Shenzhen, the banking and insurance industry insists on serving the high-quality construction of the Greater Bay Area with its own high-quality development, and various indicators of industry development are at the forefront of the country.Zhang Lixing, director of the Shenzhen Banking and Insurance Regulatory Bureau, said that in the past ten years, the average annual growth rate of the added value of the financial industry in the region has been 11.7%, the asset scale of the banking industry and insurance industry has maintained the third and second place in the country's large and medium-sized cities, and the average annual growth of various loans. The average annual growth rate of manufacturing loans was 12.1%, and the average annual growth rate of loans to small and micro enterprises was 22.3%.
Significant breakthroughs in reform and opening up
Significant breakthroughs have been made in promoting the reform and opening up of the banking and insurance industries in many places.
Xiang Heng introduced that the Hunan Banking and Insurance Regulatory Bureau continued to improve the corporate governance of financial institutions, standardize the management of shareholders' equity, and all legal person banks within its jurisdiction completed equity custody.The restructuring of rural credit cooperatives in cities and counties was fully completed, and 102 rural commercial banks were established.The Bank continued to enrich the types of institutions and filled the gaps in local corporate institutions such as life insurance, private banks, and consumer finance.The comprehensive reform of auto insurance was advanced in an orderly manner, saving consumers 6.59 billion yuan.The long-term care insurance pilot program provided insurance coverage for nearly 500,000 people.
"At present, the number of foreign-funded financial institutions in Shenzhen is second only to Shanghai and Beijing, and a system of foreign-funded financial institutions with a complete range of types and functions has been formed." Zhang Lixing said that among foreign-funded banks in Shenzhen, Hong Kong-funded banks account for the proportion of assets, deposits and loans, and net profit. With an average ratio of over 70%, Shenzhen has become the city with the highest concentration of Hong Kong-funded banks.In the past ten years, Shenzhen has established a number of characteristic institutions such as the first consumer finance company under the framework of CEPA, the first batch of mutual insurance companies in the country, the first subsidiary of a Taiwan-funded bank in South China, and the first "dual license" bank in the country. The role of "window" and "experimental field" is more prominent.
It is effective to prevent and resolve financial risks
"In the past ten years, Hunan Banking and Insurance Regulatory Bureau has achieved excellent results in preventing and resolving major financial risks." Xiang Heng introduced that the disposal of non-performing assets has been made great strides, and a total of 336.3 billion yuan of non-performing loans have been disposed of.Support key enterprises to resolve debt risks, set up a total of 125 creditor committees, and reduce loan risks by 17.5 billion yuan.Take the lead in the country to completely ban P2P online lending institutions, and promote the basically clearing of online lending risks.In the past ten years, there has been no serious single institution risk, and no major risk event that affects regional financial stability and triggers systemic risk.
In addition, in the past 10 years, the Hunan Banking and Insurance Regulatory Bureau has carried out more than 1,700 on-site inspections of banking and insurance institutions, punishing institutions more than 1,000 times, punishing over 370 million yuan, and punishing over 2,500 persons. The high-pressure situation of strong supervision and strict supervision.
Zhao Wei introduced that as of the end of June, the non-performing loan ratio of the banking industry in Xinjiang was 1.18%, which was a further improvement from 1.23% in May and remained at a reasonable level.At the same time, the bureau focuses on strengthening the classification of asset quality, and promotes banks to make sufficient provisions in a forward-looking manner and replenish capital through multiple channels.As of the end of March, the balance of provisions of banking financial institutions was nearly 80 billion yuan, with a provision coverage ratio of 239.68%, of which the provision coverage ratio of legal person banking institutions in the jurisdiction was 211.41%, with strong risk resistance and loss absorbing capabilities.
"Cross-border Wealth Management Connect" two-way investment
Product transaction volume of 237 million yuan
The "Cross-border Wealth Management Connect" business pilot has achieved positive market feedback since its launch.
Zhang Lixing introduced that as of the end of June, a total of 24 banks in Shenzhen had obtained pilot qualifications, opened 12,560 accounts related to "Cross-border Wealth Management Connect", handled cross-border remittance of funds totaling 404 million yuan, and two-way investment product transaction volume of 237 million yuan , accounting for about one-third of the total business volume of “Cross-border Wealth Management Connect” in the Greater Bay Area.
She said that the pilot situation in Shenzhen mainly presents three characteristics: first, the business area is dominated by Shenzhen and Hong Kong; second, northbound and southbound investors have slightly different preferences for investment products. Southbound investors prefer deposits, while northbound investors prefer deposits. Wealth management products; thirdly, there are various types of pilot banks, including state-owned, joint-stock, city commercial, and foreign-invested banks. In May this year, Shenzhen Rural Commercial Bank became the first rural commercial bank to participate in the pilot.
(Article source: China Securities Journal)
